Kalimba Foundation Nfp
Kalimba Foundation Nfp faces recurring deficits and increasing liabilities despite zero officer compensation.
EIN: 204550347 · Waukegan, IL · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $588K |
| Total Expenses | $718K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $-126,829 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Kalimba Foundation Nfp Form 990, Revenue, CEO Pay, and IRS Filing Signals
Kalimba Foundation Nfp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Kalimba Foundation Nfp in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $584K and expenses of $718K.
Revenue and Expenses
Kalimba Foundation Nfp reported $584K in revenue and $718K in expenses, a deficit of $134K.
Executive Compensation
Top officer compensation appears as $500,000 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Kalimba Foundation Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $575K (80%) |
Across stored filings, Kalimba Foundation Nfp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 6 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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Local and Sector Spokes
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Waukegan, IL nonprofitsHuman Services in Illinois
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Kalimba Foundation Nfp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kalimba Foundation Nfp
Kalimba Foundation Nfp (EIN: 204550347) is a nonprofit organization based in Waukegan, IL, classified under NTEE code P73. The organization reported total revenue of $588K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kalimba Foundation Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kalimba Foundation Nfp is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $584K |
| Total Expenses | $718K |
| Surplus / Deficit | $-133,817 |
| Total Assets | $180K |
| Total Liabilities | $307K |
| Net Assets | $-126,829 |
| Operating Margin | -22.9% |
| Debt-to-Asset Ratio | 170.4% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Kalimba Foundation Nfp reported a deficit of $134K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 170.4% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Kalimba Foundation Nfp's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.4% | +9.4% | -35.5% |
| 2022 | +10.5% | -3.5% | +54.7% |
| 2021 | +49.1% | +5.8% | +99.5% |
| 2020 | -3.4% | +22.8% | +32.0% |
| 2019 | -41.4% | +26.4% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kalimba Foundation Nfp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kalimba Foundation Nfp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $134K, with expenses exceeding revenue.
- Debt-to-asset ratio: 170.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with revenues fluctuating around $500,000 to $800,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kalimba Foundation Nfp's IRS 990 filings:
- Recurring operational deficits (e.g., $718,241 expenses vs. $584,424 revenue in 2023)
- Liabilities ($307,013 in 2023) exceeding assets ($180,184 in 2023)
- Significant increase in liabilities over time (from $0 in 2018 to over $300,000 in 2023)
Strengths
The following positive indicators were identified for Kalimba Foundation Nfp:
- Zero officer compensation reported across all filings, indicating strong commitment to mission over executive pay.
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Kalimba Foundation Nfp
Is Kalimba Foundation Nfp a legitimate charity?
Kalimba Foundation Nfp (EIN: 204550347) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. It has 6 years of IRS 990 filings on record. Total revenue: $588K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Kalimba Foundation Nfp spend its money?
Kalimba Foundation Nfp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kalimba Foundation Nfp tax-deductible?
Kalimba Foundation Nfp is registered as a tax-exempt nonprofit (EIN: 204550347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kalimba Foundation Nfp CEO make?
Kalimba Foundation Nfp's highest-compensated officer earns $500,000 annually. The organization reported $588K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kalimba Foundation Nfp's spending goes to programs?
Kalimba Foundation Nfp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kalimba Foundation Nfp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kalimba Foundation Nfp is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kalimba Foundation Nfp located?
Kalimba Foundation Nfp is headquartered in Waukegan, Illinois and files with the IRS under EIN 204550347. It is classified under NTEE code P73.
How many years of IRS 990 filings does Kalimba Foundation Nfp have?
Kalimba Foundation Nfp has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $588K in total revenue.
Is Kalimba Foundation Nfp financially stable?
Based on the filings, Kalimba Foundation Nfp shows signs of financial instability. In 2023, expenses ($718,241) significantly exceeded revenue ($584,424), and liabilities ($307,013) were greater than assets ($180,184). This trend of operational deficits and growing liabilities is a concern for long-term stability.
How does Kalimba Foundation Nfp manage its expenses?
The organization frequently spends more than it earns, as seen in 2023, 2020, and 2019. While officer compensation is zero, a detailed breakdown of program, administrative, and fundraising expenses is needed to fully assess spending efficiency and management.
What is the trend in Kalimba Foundation Nfp's assets and liabilities?
Assets have fluctuated, reaching a high of $279,561 in 2022 but dropping to $180,184 in 2023. Liabilities have shown a concerning upward trend, from $0 in 2018 to $307,013 in 2023, consistently exceeding assets in recent years.
Filing History
IRS 990 filing history for Kalimba Foundation Nfp showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Kalimba Foundation Nfp's revenue has declined by 29.4%, moving from $828K to $584K. Total functional expenses rose by 73.4%, from $414K to $718K. In its most recent filing year (2023), Kalimba Foundation Nfp reported a deficit of $134K, with expenses exceeding revenue. The organization holds $307K in liabilities against $180K in assets (debt-to-asset ratio: 170.4%), resulting in net assets of $-126,829.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $584K | $718K | $180K | $307K | — | View 990 |
| 2022 | $773K | $656K | $280K | $303K | — | View 990 |
| 2021 | $700K | $680K | $181K | $313K | — | View 990 |
| 2020 | $469K | $643K | $91K | $243K | — | View 990 |
| 2019 | $486K | $523K | $69K | $38K | — | View 990 |
| 2018 | $828K | $414K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $584K, expenses of $718K, and assets of $180K (revenue -24.4% year-over-year).
- 2022: Revenue of $773K, expenses of $656K, and assets of $280K (revenue +10.5% year-over-year).
- 2021: Revenue of $700K, expenses of $680K, and assets of $181K (revenue +49.1% year-over-year).
- 2020: Revenue of $469K, expenses of $643K, and assets of $91K (revenue -3.4% year-over-year).
- 2019: Revenue of $486K, expenses of $523K, and assets of $69K (revenue -41.4% year-over-year).
- 2018: Revenue of $828K, expenses of $414K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kalimba Foundation Nfp:
Data Sources and Methodology
This transparency report for Kalimba Foundation Nfp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.